Independent Bank Corporation is a bank holding company. Its subsidiary banks principally serve rural and suburban communities located across Michigan's Lower Peninsula. The Banks emphasize service and convenience as a principal means of competing in the delivery of financial services.
Info & Links
CEO
William B. Kessel
Headquarters
4200 E BELTLINE AVE GRAND RAPIDS, MI 49525, UNITED STATES
Independent Bank Corporation (Ionia, MI) Statistics
Valuation Measures
Market Capitalization2
758.72M
Enterprise Value
838.07M
Enterprise Value/EBITDA(ttm)
--
Price to Earnings Ratio(ttm)
11.30
Price to Sales(ttm)
2.33
Price to Book(mrq)
1.61
Price to Cash(ytd)
10.08
Profitability
Gross Margin(ttm)
0.00%
Operating Margin(ttm)
20.85%
Profit Margin(ttm)
29.70%
Return on Equity(ttm)
15.26%
Return on Invested Capital(ttm)
11.42%
Return on Assets(ttm)
1.24%
Income Statement
Revenue(ttm)
0.00
Revenue Per Share(ttm)
0.00
Gross Profit(ttm)
0.00
EBITDA(ttm)3
0.00
Net Income Available to Common(ttm)
62.07M
Diluted EPS(ttm)
2.94
Share Statistics
Beta (5Y Monthly)
1.03
52-Week Change
64.15%
S&P 500 52-Week Change
25.29%
S&P 500 Member
Yes
Stock Optionable
Yes
Total Shares Outstanding1
20.89M
Dividend Yield
2.76%
Float4
19.75M
% Held by Insiders
5.45%
% Held by Institutions
79.43%
Balance Sheet
Total Cash(mrq)
0.00
Total Cash Per Share(mrq)
0.00
Total Debt(mrq)
79.35M
Total Debt/Equity(mrq)
17.54%
Current Ratio(mrq)
--
Quick Ratio(mrq)
0.88%
Book Value Per Share(mrq)
21.65
Cash Flow
Operating Cash Flow Per Share(ytd)
2.22
Free Cash Flow(ytd)
43.14M
Table Key
mrq = Most Recent Quarter
ttm = Trailing Twelve Months
ytd = Year To Date
Footnotes
Data provided by Zacks Investment Research or calculated by FXEmpire. All numbers are rounded to the closest decimal.
1 Total Shares outstanding is taken from the most recently filed quarterly or annual report.
2 Market Cap is calculated using total shares outstanding and the most recent share price.
3 EBITDA is calculated using methodology that may differ from that used by a company in its reporting.
4 The float is a measure of the number of shares available for trading by the public. It's calculated by taking the number of issued and outstanding shares minus any restricted stock, which might not be publicly traded.